Trying to navigate your way towards a more affordable and greener future? We’ve put together the answers to questions on the Marlborough District Council Solar Funding Service.
Frequently Asked Questions
If you have any other questions please do give us a call on 0800 745 400 and one of our iGenerate team will be more than happy to help.
How much will I repay?
Over nine years you will pay the GST exclusive amount that Marlborough District Council pays to the supplier, as well as interest, and an administration charge (currently $100), together with GST on all these costs. The current interest rate is 5.5%. It is reviewed annually and subject to change. The administration charge is set to increase to $140 incl GST from 1 July 2019.
How do I make repayments?
The Marlborough District Council will charge a “targeted rate” on your annual rates bill over nine years. The targeted rate amount will appear on your rates bill in early August each year. An early repayment fee of $115 (incl GST) is to be charged if the loan is repaid before the end of its term.
What happens when I sell my house? Do I have to pay off the outstanding balance?
You must inform the purchaser of the rate. You can agree to repay it or the new owner can continue to repay it. What you both agree on must be written into the sale and purchase agreement. This is a legal requirement in any property sale and in the Marlborough District Council solar power agreement. The rate will be notified on your property’s LIM report.
How do I know how much I have left to pay? Please contact the Marlborough District Council on 03 520 7400 or email email@example.com.
How do I apply?
iGenerate will assess your home (free of charge) and recommend a solution that is best for your home, and provide a quote for the entire Solar Power Solution.
We will outline the funding options available to you and can also help you complete the Marlborough District Council application form.
How do I qualify?
To be eligible for this service you must:
• Be the ratepayer for a residential property that you live in. Holiday homes and rental residential properties are also eligible and
• Be up to date with your rate payments and
• Choose a packaged solar power system from a Service Provider who is a participant in Council’s Solar Power Programme.